EUR/USD prints session low below 1.10 on Clinton lead

EUR/USD pair slipped to a session low of 1.0991 after the latest batch of exit polls put Clinton in lead over her controversial Republican candidate.

Trades around 50% fibo

The currency pair was seen trading around 1.0995 (50% of the rally from Oct 25 low to Nov 4 high).

Clinton turned the tables on Trump with a convincing victory in key state of Florida. The running tally now is 68:57 in favor of Clinton. Consequently, the funding currencies like EUR are being offered against the US dollar and other risk currencies.

EUR/USD Technical Levels

Key resistance levels – 1.1029 (38.2% of Oct 25 low-Nov 4 high), 1.1061 (5-DMA), 1.11 (zero figure)

Key support levels – 1.0995 (50% of Oct 25 low–Nov 4 high), 1.0964 (Oct 17 low), 1.0936 (Oct 31 low)